Greg Pinelli

Upstream MLPs and Canadian Royalty Trusts: High Return, High Risk?

You most certainly don't need to consult a Tax Advisor..that's simply perfunctory butt protection the author's part..almost ANY of the latest tax programs..and certainly the more sophisticated ones (about $90) will figure out the taxes..the Canroys take the tax out at the time of distribution...you file to get it credited back towards US tax.
What you DO need to work at is Due Diligence..go on the websites and look at what the Trusts are revealing about resource structure..reserve life..etc...VERY helpful..
For my money you could not do better than one US..Linn Energy and one Canadian..PWE....

Outrageous Opportunities in Upstream MLPs

PWE is an unbelivably solid investment by almost any standard. THE CRITICAL number is reserve life and replacement..these are the engines that fuel distribution growth in the future..and PWE has it in spades..ALMOST 14 YEARS OF RESERVE LIFE...
The issue concerning share dilution or debt financing depends on the particulars of either...PWE has enormous cash flow in both directions...